Debate: The Efficient Market Hypothesis and Accounting Information
It has been argued that by the time financial statements are issued, the market price of shares already reflects the information contained in them; hence, accounting information is not relevant.
Present arguments that given the EMH, accounting information is relevant.
Summary (claim/argument)How is it relevant (evidence/proof)Critique the source (So what? Why does this matter?)
(Hint, See above discussions of Market Efficiency between Fama and Thaler)
Are markets efficient? A discussion between Thaler and Fama